BS Reporter
BS Reporter
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RBI chokes foreign home buys
RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 cr) to $75,000 (Rs 45 lakh)
 "RBI chokes foreign home buys")
WB to give soft loan for low-cost housing
Project will be financed by credit from International Development Association
 "WB to give soft loan for low-cost housing")
India's gold demand rises 71% in April-June quarter
Government measures to curb its demand yield no positive result
 "India's gold demand rises 71% in April-June quarter")
India, China account for 60% of gold buying
With 87% rise during the quarter ended June, gold demand in China stood at 275.7 tonnes, against 147.7 tonnes in the corresponding period last year
 "India, China account for 60% of gold buying")
Former Infy global sales head Basab Pradhan joins cloud startup
Prdahan had joined Infosys in July, 2002 when Phaneesh Murthy, the then director and global sales & marketing has to leave the company after being sued for sexual harassment
 "Former Infy global sales head Basab Pradhan joins cloud startup")
LIC debt investment cap raised to 20%
No decision on raising equity cap
 "LIC debt investment cap raised to 20%")
Bond yields rise as WPI inflation for July shoots up
Yield on 10-year bond ends at 14-month high
 "Bond yields rise as WPI inflation for July shoots up")
July WPI inflation at 4-month high of 5.79%
May WPI inflation revised to 4.58% from 4.70%
 "July WPI inflation at 4-month high of 5.79%")
Oil ministry mulls higher dose of diesel price increase
Govt had allowed phase-wise decontrol of diesel prices with a monthly dose of 50 paise on January 17
 "Oil ministry mulls higher dose of diesel price increase")
FM rebuts critics on economy
Says growth and job generation set the context for all other goals and Reserve Bank must note this
 "FM rebuts critics on economy")
 "FinMin proposes rules to reduce MNC tax litigation")
Tata Steel to launch 30 new products in Europe this financial year
Plans to rationalise its subsidiaries
 "Tata Steel to launch 30 new products in Europe this financial year")
M&M to merge truck and bus business with itself
Capital infusion of over Rs 300 crore will be used to start exploratory work on new product lines in due course
 "M&M to merge truck and bus business with itself")
RBI goes all out on rupee, CAD
Frees up NRE deposit rate, restricts outflow
 "RBI goes all out on rupee, CAD")
Import of gold coins banned
RBI says banks will have to ensure 20% of every lot of import consignment is used for export purpose
 "Import of gold coins banned")
 "Onion gets export floor price again")
Lok Sabha passes resolution condemning attacks by Pakistan
In a tit-for-tat move, the Lok Sabha on Wednesday passed a resolution condemning attacks on India by Pakistan
Pandemonium prevents food, insurance Bills from being taken up in Houses
FM said it was the "lack of consensus" among the Opposition that was holding up the Insurance Bill
 "Pandemonium prevents food, insurance Bills from being taken up in Houses")
Sudarshan Chemicals wins case against Clariant in UK Court
The court has dismissed an appeal raised by Clariant Produkte and awarded costs & damages for wrongful threatsto Sudarshan